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prior to entry of a judgment enforcing this Mortgage if: la) Borrower pays lender all sums which would be then due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred: (b) Borrower cures
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph I8 hereof, including, but not limited to, reasonable attomey's fees: and
(d) Borrower takes such action as lender may reasonably require to assure that the lien of this Mortgage. Lender's interest
in the Properly and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
- payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if
no acceleration had occurred.
20. Assigameat of Reatx Appointment of Receiver. As additional security hereunder, Borrower hereby assigns to
lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Properly, Lender shall be entitled to have a
receiver appointed•by a court to enter upon, take possession of and .manage the Property and to collect the rents of the
Pq~perty, including those past due. All rents collected by the receiver shall be applied first to payment of the costs of
m nagement of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receiver's
bonds and reasonable attorney's fees, and then to the sums sa:ured by this Mortgage. 7'he receiver shall be liable to account
only for thou rents actually received.
21. Fwure AdvaacYa. Upon request by Borrower, lender, at Lender's option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shalt the principal
amount of the indebtedness secured by this Mortgage. not including sums ad4adnc~ in ~ricordance herewith to protect the
security of this Mortgage. exceed the original amount of the Note plus USS... r, , , , , , , , , , , , , , , , , , , , ,
22. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this. Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation. if any.
23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees. if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
•
Signed, sealed and delivered
in the presence of:
'...........(seal)
La ce M. Pa • rozz~ -e°"°wer
~~7...... (seal)
Katherine A. Paparozzi -Bore'""
t!18W JSRSSY ~
STATE OF~ Bexgen................Countyss:
i bereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in tbe county
aforesaid to take acknowledgements, personally appeared LAirIItSNCS . M.. PAPABOZZI. and .KATHS12Ilr~ A.. .
$Al?~Zr~t~ r wi,f~ to the known to be the person(s) described in and who executed tbe
foregoing instrument and acknowledged before me that...... t~Y...executed the same for the purpose therein
I expressed.
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my hand nd official seal in the county and state aforesaid this ~ ! .~0 day of
; . . 1980..
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• .mss. _ ' ,~rv.7 t~~lC
a~, f ~ " ~ LOTS MASINO
- r NOTARY 1rUBUC OF NI~IV ~RSEY ~
• • ~/E. t~,!~
J 4 . • lay Cotaotuioa f rcDira /1pr8 16, t984 ~
(Spice Below This Line Reserved Fot lender and Reoor~der)
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